Yeah - it has been a mugging for shareholders. The one thing currently in IFL's favour is the ability to prune off the crappy bits from these acquisitions and gain scale. But a lot of pruning required. I think they have been totally wrong about the regulatory outlook. That might be changing now that we have the issues of a regulatory own goal impeding customers from getting basic financial advice you could get from a taxi driver.
IFL Price at posting:
$2.87 Sentiment: Buy Disclosure: Held
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